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Murrey Math Lines 17.04.2015 (EUR/USD, GBP/JPY)

Analysis for April 17th, 2015

EUR USD, “Euro vs US Dollar”

It looks like Eurodollar is back to growing. The pair has broken Super Trends and right now is trying to stay above them. Possibly, in the nearest future, the price may continue moving upwards to reach the 7/8 level or even break it.

As we can see at the H1 chart, Super Trends have already formed “bullish cross”. Considering that earlier the market was able to stay above the 5/8 level, it may continue growing towards the 8/8 one. Later, during a correction, the market may reach the 2/8 level.

GBP JPY, “Great Britain Pound vs Japanese Yen”

The price has broken the daily Super Trend and the 2/8 level. The closest target is at the 4/8 level. I’m planning to open another buy order as soon as Super Trends form “bullish cross”.

At the H1 chart, the pair is moving in the middle. If later the price breaks the 5/8 level and stays above it, I’ll open another buy order with the target at the 8/8 level.

RoboForex Analytical Department

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